What is Traditional Business and expand c2c ,b2b,b2c dont give irrelevent answer and expand that 3 terms plz
Answers
Answer:
Traditional business is a local store which offers its services or products to its local customers. It is a set-up where customers will have to visit the store physically to buy the products.
Explanation:
Let first understand the meaning of each alphabet, B in B2B Stands for Business and C in B2C stands for Consumer. It shows the type of relationships between Businesses and Consumers. This answer, I will introduce you to what does these relationship means and then describe it with examples so that you can understand these models.
B2B Stands for Business-to-Business. It is a relationship exist between two businesses where one company sell her product to other company. Take the example of Intel, Intel makes Processors, Intel sells her processors to other businesses like Apple or Samsung or Dell.
B2C stands for Business-to-Consumer, this is the most common type of businesses where a company sells her products directly to the Consumer. Take the Example of Apple Again, Apple sells iPhones directly to the consumers. This type of businesses is more common the other. Usually, every Small business follows this type of model.
C2C stands for Consumer-to-consumer. In this model, a consumer sells a product to another consumer. These products usually use one. Take the example of eBay where people list their products and other users can have a chance to buy it. Another Example is OLX which follows the exact same model. The Company works as a Third Part between the two consumers.
C2B stands for Consumer-to-Business, in this model a Consumer sell something to other business. To illustrate the example let me suppose that you are a famous YouTuber, so you are a consumer but you sell your ad spaces to advertisers (Businesses) the other type of example is A website admin do the same job.
Hope This will helps you.
Answer:
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